The partnership between Honda and GM to build affordable electric cars has been cancelled for reasons that are not entirely clear.
a new partnership that would jointly develop affordable electric vehicles — emphasis on affordable. There were plenty of electric vehicles available, priced at $50,000 and up, but precious few EVs that people on a budget can afford. Honda and GM intended to fix that. At that time, Chevrolet said its new Equinox EV will have a starting price around $30,000.
“After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV,” Mibe said in an interview with. “GM and Honda will search for a solution separately. This project itself has been canceled.” Mibe didn’t specifically mention the UAW strike, but cited cost and range challenges as reasons for halting the plan.
That anxiety is being reflected in recent actions taken by several US automakers. GM announced recently it is moving back the introduction of electric pickup trucks from Chevrolet and GMC while Ford has“We are adjusting the schedule at the Rouge Electric Vehicle Center because of multiple constraints, including the supply chain and working through processing and delivering vehicles held for quality checks after restarting production in August,” Ford said in a statement.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM and Honda ditch plan to build cheaper electric vehiclesHonda and GM are scrapping their plan to build cheaper EVs, admitting they couldn’t make the numbers work. Fears of a slowing EV market are sure to deepen.
Read more »
Honda Cancels Plans with GM for Affordable Electric SUVsCaleb Miller began blogging about cars at 13 years old, and he realized his dream of writing for a car magazine after graduating from Carnegie Mellon University and joining the Car and Driver team. He loves quirky and obscure autos, aiming to one day own something bizarre like a Nissan S-Cargo, and is an avid motorsports fan.
Read more »
County officials to review controversial plan to build LDS temple in rural areaApril Baker is a morning anchor and reporter for “Good Day Utah” on Fox 13 News.April’s journalism career has taken her to four different states before she landed here in The Beehive State.
Read more »
Plan recommended to build controversial LDS temple in Heber CityChris joins FOX 13 after spending seven-and-a-half years at KSNW, the NBC affiliate in Wichita, Kansas, where he served as a bureau reporter, multimedia journalist and eventually Sports Director.
Read more »
Honda and GM scrap plan to co-develop cheaper EVsThe decision underscores GM's strategic shift to slow the launch of several EV models to focus on profitability and the costs of UAW strikes that surged to $200 million per week this month.
Read more »
Honda, GM scrap plan to co-develop cheaper EVsHonda Motor (7267.T) and General Motors (GM.N) are scrapping plans to jointly develop affordable electric vehicles (EVs), a Honda spokesperson said on Wednesday, confirming a Bloomberg News report.
Read more »